Product Costing

[Former Member]

Hi Gurus,

My client is steel manufacturer.My client requirement is, in product costing planned cost should be according to standard price maintainede in MM & Actual price of the product should be according to moving average price from MM.

We have maintained Price indicator V in material master for raw materials.Now when we create production order for semifinish material and do the costing for the order and see the cost in cost analysis, there we get planned cost according to moving price in MM.After doing confirmation, in actual cost column it is calculating cost according to moving price only for confirmed Qty. My client wants planned price to be calculated according to std.price & actual price to be calculated according to moving avg, price.Is it possible to calculate to calculate planned price according to std. price & actual price according to moving average price.

Thanks in advance.

Regards

Amit

[Former Member]

thanks to all of u.

[kaushik_choudhury2]

Hi Amit ,

As per the best of my understanding we can valuate the material either by standard or moving price at one particular time ........ It is not possible to meet the requirement as you have mentioned

Even it is not correct to follow the practice that your client is demanding ... in your case there will be huge entry under the price diff accounts if we follow something like this even if it is made possible after some tweaks ....

Thanks

Kaushik

[Former Member]

Hi Amit,

I think you batter post this thread to [ ERP Financials - Controlling|;. forum.

Regards,

Shyamal

[Former Member]

Hi Shyamal

Thanks Shyamal.

Regards

Amit